Cantor Fitzgerald Plans $3.5B $BTC Purchase From Blockstream


Cantor Fitzgerald is nearing a deal to acquire over $3.5 billion worth of $BTC from Adam Back's Blockstream Capital.


Brandon Lutnick's SPAC vehicle would purchase up to 30,000 $BTC through the merger transaction.


The deal includes plans to raise an additional $800 million for further $BTC acquisitions.


Cantor Equity Partners 1 would be renamed BSTR Holdings as part of the transaction structure.


Combined with previous deals, Cantor's #crypto purchases could reach nearly $10 billion this year.


The move follows Cantor's $3.6 billion crypto venture with SoftBank and #Tether, which launched in April.


Adam Back's 1997 Hashcash work was cited by #Satoshi Nakamoto as foundational to $BTC proof-of-work consensus.


The strategy mirrors MicroStrategy's approach, which has accumulated $70 billion in $BTC since 2020.

image
July 16, 2025 at 12:49 PM
23
3
2